Thursday, December 27, 2007

Kuwait slashes corporate tax. AND Jordanian Inflation

Two from ArabianBusiness:Kuwait's parliament approved on Wednesday a much-delayed government plan to slash tax on foreign firms to a flat 15% from up to 55%, removing a five-decade old obstacle to foreign investment.

The taxation bill would also exempt profits made by foreign companies from trading in stocks listed on the Kuwait bourse, the second largest in the Arab world, to help to turn the Opec oil producer into a regional financial centre like Dubai or Bahrain....